Derwent London Plc (DLN) Given Average Rating of “Hold” by Analysts

Derwent London Plc (LON:DLN) has been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 3,099 ($40.49).

DLN has been the subject of several recent analyst reports. Liberum Capital restated a “hold” rating on shares of Derwent London in a research report on Friday, July 20th. Peel Hunt restated a “hold” rating on shares of Derwent London in a research report on Thursday, July 5th. BNP Paribas upgraded Derwent London to a “neutral” rating and boosted their target price for the company from GBX 3,170 ($41.42) to GBX 3,230 ($42.21) in a research report on Tuesday, September 11th. Numis Securities dropped their target price on Derwent London from GBX 3,786 ($49.47) to GBX 3,745 ($48.94) and set a “buy” rating for the company in a research report on Friday, August 10th. Finally, UBS Group restated a “buy” rating and set a GBX 3,600 ($47.04) target price (up previously from GBX 3,500 ($45.73)) on shares of Derwent London in a research report on Friday, July 20th.

In related news, insider Robert Rayne sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of GBX 3,045 ($39.79), for a total value of £304,500 ($397,883.18).

Shares of Derwent London stock traded up GBX 18 ($0.24) during trading on Friday, reaching GBX 2,968 ($38.78). 280,831 shares of the stock traded hands, compared to its average volume of 287,770. Derwent London has a 52-week low of GBX 2,574 ($33.63) and a 52-week high of GBX 3,133 ($40.94).

Derwent London (LON:DLN) last released its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported GBX 51.80 ($0.68) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 50.30 ($0.66) by GBX 1.50 ($0.02). Derwent London had a return on equity of 7.38% and a net margin of 146.08%.

The firm also recently disclosed a dividend, which will be paid on Friday, October 19th. Investors of record on Thursday, September 13th will be paid a GBX 19.10 ($0.25) dividend. This represents a yield of 0.61%. The ex-dividend date is Thursday, September 13th.

About Derwent London

Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, making it the largest London-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

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Analyst Recommendations for Derwent London (LON:DLN)

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